VOL. XXXVIII
NO. 25
20-MARCH-1995
Financial and Banking News
Bank Results
Provisions Recoveries Take Emirates Bank International To Profits Increase
Dubai-based Emirates Bank International (EBI) has reported a 10% increase inprofits for 1994, despite reversals in the bond market. The main factor allowingthe increase was a net recovery from provisions which contrasted with provision allocations in 1993. The bank is retaining its 17.5% dividend. The GeneralManager, Mr. David Berry, says that the bank...
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